Friday, Aug 16, 2013
FOR IMMEDIATE RELEASE
Jackson Walker Represents Energy Startup in $500 Million Private Equity Funding
A Jackson Walker team of Energy, Corporate & Securities, and Tax lawyers represented a West Texas-based management team in connection with obtaining a commitment from a private equity fund to provide $500 million in equity for the acquisition of oil and gas properties in the Permian Basin area of Texas and New Mexico and the creation of a new oil and gas exploration and production company.
The transaction is the most recent of a large number of private equity funded transactions focused on the upstream and midstream segments of the oil and gas industry consummated by Jackson Walker for its clients this year. In these transactions, Jackson Walker has represented management teams creating new opportunities with private equity backing, existing operating companies raising private equity capital, and private equity funds investing in upstream and midstream opportunities.
Jackson Walker lawyers on the transaction in Houston and Dallas were led by Energy partner Mike Pearson, Corporate & Securities partner Jeffrey Sone, and Tax partner Nathan Smithson.
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